If you have one of the older, turn of the century mid town houses, you are probably getting somewhere around 1600-2000 depending on the condition of the home, availability of a garage, etc.It is an older home, from the 40s I believe.

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

A lot harder to get significant cash flow with those compared to when rates were 3%.Small to mid sized multifamily you can still get cash flow for turnkey stuff with a 20-25% down payment in C and some B areas.

Quote from @Bien Nguyen: My husband and I recently launched our STR end of December 2023 near Savannah, GA and are already booked through mid-April 2024 with some bookings in May 2024. 

With a full gut like this, I’d rather overestimate than get caught off guard mid-project.

I just found new tenants that will be moving in mid-February.

Kendall,Since you asked, here’s my story.Thirty years ago, in my mid-20s, I made a life-changing move from the San Francisco Bay Area to Ohio.

Quote from @Ben Russell: Although I agree the leases and the legal implications of "Mid-Term" rentals and "long-term" rentals are closly related, I don't think the leases should be identical. 

I’m also open to exploring short-term rentals, private lending, or passive investing in funds—anything that maximizes returns while keeping risk and time commitments manageable.For context, I’d consider leaving my job if this could become a full-time venture that surpasses my current compensation (low-mid six figures).

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.